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TripAdvisor

376 hedge funds and large institutions have $10.3B invested in TripAdvisor in 2013 Q4 according to their latest regulatory filings, with 71 funds opening new positions, 132 increasing their positions, 131 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

109% more first-time investments, than exits

New positions opened: 71 | Existing positions closed: 34

43% more call options, than puts

Call options by funds: $197M | Put options by funds: $138M

11% more capital invested

Capital invested by funds: $9.25B → $10.3B (+$1B)

10% more funds holding

Funds holding: 341376 (+35)

1% more repeat investments, than reductions

Existing positions increased: 132 | Existing positions reduced: 131

7% less funds holding in top 10

Funds holding in top 10: 1413 (-1)

Holders
376
Holders Change
+35
Holders Change %
+10.26%
% of All Funds
10.91%
Holding in Top 10
13
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-7.14%
% of All Funds
0.38%
New
71
Increased
132
Reduced
131
Closed
34
Calls
$197M
Puts
$138M
Net Calls
+$59M
Net Calls Change
+$60M
Name Holding Trade Value Shares
Change
Change in
Stake
Robeco Institutional Asset Management
51
Robeco Institutional Asset Management
Netherlands
$38.2M +$14M +170,700 +59%
Legal & General Group
52
Legal & General Group
United Kingdom
$36.7M -$1.86M -22,731 -5%
Franklin Resources
53
Franklin Resources
California
$36.4M +$19.6M +239,750 +120%
GA
54
Geneva Advisors
Illinois
$35.6M +$35.2M +430,302 New
Goldman Sachs
55
Goldman Sachs
New York
$35.4M -$10.7M -131,111 -23%
Millennium Management
56
Millennium Management
New York
$34.3M +$25M +305,881 +282%
Fidelity International
57
Fidelity International
Bermuda
$31.7M -$3.81M -46,572 -11%
Ameriprise
58
Ameriprise
Minnesota
$29.2M -$7.08M -86,520 -20%
RFC
59
Russell Frank Company
Washington
$29M -$13.6M -165,865 -31%
HSBC Holdings
60
HSBC Holdings
United Kingdom
$27.7M +$14.1M +172,119 +106%
UBS AM
61
UBS AM
Illinois
$27.6M +$1.84M +22,477 +7%
WRCM
62
Whale Rock Capital Management
Massachusetts
$27.2M +$914K +11,171 +4%
JC
63
Joho Capital
New York
$26.9M
D.E. Shaw & Co
64
D.E. Shaw & Co
New York
$26.8M -$50.9M -622,760 -66%
BNP Paribas Financial Markets
65
BNP Paribas Financial Markets
France
$26.7M -$50.2M -613,204 -66%
New York State Common Retirement Fund
66
New York State Common Retirement Fund
New York
$26.3M -$401K -4,900 -2%
Nomura Holdings
67
Nomura Holdings
Japan
$26.3M +$12.4M +152,005 +92%
PAM
68
Panagora Asset Management
Massachusetts
$25.6M +$15.1M +184,791 +149%
Sumitomo Mitsui Trust Group
69
Sumitomo Mitsui Trust Group
Japan
$24.9M -$1.27M -15,523 -5%
California Public Employees Retirement System
70
California Public Employees Retirement System
California
$22.4M -$1.11M -13,602 -5%
EAM
71
Eagle Asset Management
Florida
$21.9M +$4.8M +58,712 +29%
New York State Teachers Retirement System (NYSTRS)
72
New York State Teachers Retirement System (NYSTRS)
New York
$20.8M -$63.7K -779 -0.3%
AH
73
Allen Holding
New York
$20.7M -$4.09M -50,000 -17%
BlackRock
74
BlackRock
New York
$20.6M +$2.06M +25,153 +11%
FA
75
Friess Associates
Delaware
$20M +$19.7M +241,100 New

TRIP Hedge Fund Activity: Q4 2013 in Review

376 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in TripAdvisor (TRIP) for Q4 2013, worth a combined $10.3B — up 11% from $9.25B a quarter earlier.

Buyers outnumbered sellers: 71 funds opened new TRIP positions and 34 closed out — a net gain of 37 holders — while 132 added to existing stakes and 131 trimmed.

The largest buyer was Jennison Associates, opening a new position worth an estimated $303M. The largest seller was T. Rowe Price Associates, cutting an estimated $308M.

  • 376 institutional investors held TripAdvisor (TRIP) as of Q4 2013, up from 341 in Q3 2013.
  • Funds reported $10.3B of TripAdvisor stock for Q4 2013, up 11% quarter-over-quarter.
  • 71 funds opened new TripAdvisor positions in Q4 2013 and 34 closed out, a net change of +37 holders.
  • The largest TripAdvisor buyer in Q4 2013 was Jennison Associates, an estimated $303M added.
  • The largest TripAdvisor seller in Q4 2013 was T. Rowe Price Associates, an estimated $308M sold.

Based on aggregated 13F filings for Q4 2013.